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Milk Prices On The Rise

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By KMVT News

Twin Falls, Idaho ( KMVT-TV / KSVT-TV ) You might want to take a closer look at your grocery bill.

If you haven't noticed already, milk prices are way up from where they were a year ago.

In this week’s segment of Grow Southern Idaho, we explore the reasons... and see if there is relief coming in the future.

The price of milk is a lot higher than where it was last spring.

According to the Bureau of Labor Statistics, a gallon of whole milk cost 3 dollars and 69 cents in April.

That's up 7.5 percent from where it was at the same time a year ago, and it is the highest price shoppers have seen since way back in September of 2011.

Unfortunately, analysts expect prices to continue to rise, at least for now.

You can pin a lot of it on China.

Analysts say consumers there are upgrading their palates to more expensive meat and milk products.

And as the imports into those places increase, it naturally decreases the supply leftover for the U.S.


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